NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 4.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,498 shares of the semiconductor provider’s stock after selling 1,584 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NXP Semiconductors were worth $7,924,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NXPI. Norges Bank purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $326,580,000. Moneta Group Investment Advisors LLC acquired a new position in NXP Semiconductors during the 4th quarter worth $267,123,000. Price T Rowe Associates Inc. MD increased its holdings in NXP Semiconductors by 44.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after purchasing an additional 1,360,582 shares during the period. Barclays PLC raised its position in NXP Semiconductors by 94.6% in the 2nd quarter. Barclays PLC now owns 1,143,813 shares of the semiconductor provider’s stock valued at $234,116,000 after purchasing an additional 556,178 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of NXP Semiconductors in the 1st quarter valued at about $98,687,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $244.33 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The firm has a market cap of $62.66 billion, a PE ratio of 22.81, a PEG ratio of 0.91 and a beta of 1.59. The company has a fifty day moving average price of $241.11 and a 200 day moving average price of $217.37. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. Research analysts predict that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Analysts Set New Price Targets

Several brokerages have commented on NXPI. Morgan Stanley raised their price objective on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial lifted their price objective on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer lifted their target price on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.58.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.